11659 Nichols Way
About This Property
There are two bedrooms on the main level with a full bathroom with granite countertops with views of Pikes Peak. The upper-level retreat has vaulted ceilings with another family/sitting area and the Master bedroom has awesome views, vaulted ceilings exposed wood beams a large walk in closet and linen closet with a 3/4 bathroom with dual sinks and Granit counter tops.
The Basement has a family room with a cozy wood burning stove and has the 4th bedroom and the 3rd 3/4 bathroom with a granite countertop and glazed tile flooring, washer dryer area, new furance and a new roof,new water heater, the driveway has room for RV parking. This home has it all for your Mountain Living!!!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017